Health Savings Account (HSA) 101

How much can I elect under my Health Savings Account (HSA)?

Every year, the IRS will determine the maximum election amount.

2022 Contribution Limits

For 2022, employees with a Health Saving Account (HSA) may elect to contribute up to an annual maximum of:

  • $3,650 for self-only coverage¬†
  • $7,300 for family coverage

2023 Contribution Limits

For 2023, employees with a Health Saving Account (HSA) may elect to contribute up to an annual maximum of:

  • $3,850 for self-only coverage¬†
  • $7,750 for family coverage

Keep in mind that HSA funds roll over year to year if you don't spend them. Additionally, an HSA may earn interest or other earnings, which are not taxable.

Questions? We are happy to help! Please reach out to Benepass Support for any assistance.

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